Ixcoin TODO

[markm]

Okay I just checked again: getinfo said "blocks" : 294884,  date output was Thu Dec 24 07:36:19 AST 2015, difficulty unchanged.

So 92 blocks in about 16 or so hours, should be 6 blocks per hour but maybe running at closer to 5.75 blocks per hour.

Yeah, running okay I guess, I now wonder though how many blocks it takes to change the difficulty. Maybe this coin somehow did not get the faster-than-bitcoin's difficulty adaptiveness that I thought most merged mined coins all got at around the same epoch long ago.

Thanks for alerting us Cinnamon, maybe it was just some daemon maintenance over at MMpool or something like that that caused the stoppage you noticed.

It is good to have any problems pointed out, especially when they turn out not to be fatal of course since that way this indefatiguable coin gets yet more colourful history on file of the slings and arrows of outrageous fortune that it has waded through in its long and illustrious career and still keeps going and going and going...



Of course it would be nice to be on more merged mining pools so that any problems at one doesn't make such steep difference in block speed.

-MarkM-

[mmpool]

Thanks for alerting us Cinnamon, maybe it was just some daemon maintenance over at MMpool or something like that that caused the stoppage you noticed.

There was a crash on the merge mining bitcoin daemon and the pool switched over to a backup merge mine with less coins until it was fixed. It may have been this. It would surprise me though since mmpool seems to have a very low share of the hash rate. It only has 2 out of 120 immature blocks at the moment which is <2% of the hashrate of the coin.

What client version are people using for mining at the moment? What is the canonical repository that has tested merge mining?

[kraizi]

Yeah, running okay I guess, I now wonder though how many blocks it takes to change the difficulty. Maybe this coin somehow did not get the faster-than-bitcoin's difficulty adaptiveness that I thought most merged mined coins all got at around the same epoch long ago.

The later clients most likely have the faster-than-bitcoin's difficulty adaptiveness, but most miners still use a four year old client, 0.3.24.3.  That's why getting miners to upgrade was at the top of my list for iXcoin priorities.  The trick is finding a newer client which won't fork the block chain.  Which would be best for this transition?  Which version is well tested for mining?

[kraizi]

Thanks for alerting us Cinnamon, maybe it was just some daemon maintenance over at MMpool or something like that that caused the stoppage you noticed.

There was a crash on the merge mining bitcoin daemon and the pool switched over to a backup merge mine with less coins until it was fixed. It may have been this. It would surprise me though since mmpool seems to have a very low share of the hash rate. It only has 2 out of 120 immature blocks at the moment which is <2% of the hashrate of the coin.

What client version are people using for mining at the moment? What is the canonical repository that has tested merge mining?

I started a new thread to better organize some of the iXcoin information since our websites are currently in disarray.

https://bitcointalk.org/index.php?topic=1250445.0

I listed 0.9.3a as the latest version.  What I'm not clear on is which version SHOULD we be using for mining.  It should be 100% compatible with the older 0.3.24.3 version so we don't fork the network, which F2pool already did a few months back (see macbook-air's comments https://bitcointalk.org/index.php?topic=230141.msg12056074#msg12056074).

My best guess is 0.9.3a should be our target mining client since this has updates which F2pool recommended.
https://bitcointalk.org/index.php?topic=230141.msg12077057#msg12077057

If CEX.io is dropping out then we may be in our best position to date to transition to 0.9.x.

[Vlad2Vlad]

Merry Christmas, Thomas!

Yours truly,

Galileo   

[kraizi]

We've been planning to stop IXC mining on December, 1st, according to the following schedule: http://blog.cex.io/news/altcoins-removal-and-multipool-suspension-14762

However, some of our users need to withdraw IXC. Therefore, we have enabled mining, just for them to withdraw the funds. At the moment, we cannot tell, when the mining will be ultimately turned off.

I've confirmed that CEX.io is still mining at the moment. Although they shouldn't need to mine just to let people withdraw funds, but that what they said.  They didn't say if they caused the hash rate drop.

[markm]

Mining ensures blocks move, so that transfers can take place on the blockchain. Without blocks moving withdraws on blockchain would look to the users as if they are not happening.

-MarkM-

[mrbodz]

what youve described is just simple cpu mining but on mobiles

[markm]

Which would be a great way to destroy mobile devices.

Even laptops are typically not robust enough to make reasonable mining devices.

The kind of coin to use for something like that would be ones that do not use Proof of Work, since such devices cannot reasonably be expected to do any serious work.

-MarkM-

[mrbodz]

a stake coin would not be so bad on the other hand and a hard fork rather than a shitty swap is doable imo ( i could do it at the right price)

[Nasakiotoes]

a stake coin would not be so bad on the other hand and a hard fork rather than a shitty swap is doable imo ( i could do it at the right price)

What did you have in mind?

[Nasakiotoes]

Ahmed, does the 9.x update that you worked on have any CLTV op code?

As per this conversation with CIYAM, merge mined coins that support this CLTV op code have a good chance of doing "atomic" transactions with bitcoin. Or atleast are on the right path.

Apparently litecoin is going down this road. http://blog.litecoin.org/2015/12/litecoin-core-v01040.html

Hmmm, i wonder what the status of the other merge mined coins is?

My main interest though is in getting this tech into bitcoin merge mined coins. You mentioned that litecoin would be possible but a little tricky to implement.

With what you have now, is it possible for ixcoin, i0, dev, or namecoin to implement this?

That is going to come down to if and when they implement the new CLTV op code (previously OP_NOP2) as per Bitcoin and now Litecoin.

To a fair extent I think this is where the Litecoin project has been very smart - by staying so up-to-date with Bitcoin they will be able to take advantage of such new kinds of scripts probably before any other alts can.

[mrbodz]

nope it doesnt

[markm]

Stake coins tend to mint new coins though, whereas IXCoins main claim to fame is that it already minted all its coins thus it shows us what happens when minting runs out.

IXCoin needs to keep going despite minting no new coins, in order to show that coins that over time mint less and less coins are able to kep on going beyond the point where the minting stops entirely.

This might mean we need more actual transactions, so that there will be plenty of transaction fees for miners, and of course the higher the price per coin the more actual vlue those transactions fes will add up to.

It also might be the case that in order for merged mined coins to work well once they reach the end of their minting period the folks who actually use the things will need to be running mining hardware themselves, al doing their little part toward securing the coins they use. Weren't there rumours that higher-efficiency mining chips were coming along someday, maybe with solar power too, so mining could become more distributed again?

-MarkM-

[mrbodz]

you could have 0 reward stake transactions though i believe so essentially the same thing

[kraizi]

I've confirmed that CEX.io is still mining at the moment. Although they shouldn't need to mine just to let people withdraw funds, but that what they said.  They didn't say if they caused the hash rate drop.

Mining ensures blocks move, so that transfers can take place on the blockchain. Without blocks moving withdraws on blockchain would look to the users as if they are not happening.
-MarkM-

I realize we need some miners to keep transactions moving.  I just don't know why CEX.io has to keep mining.  With iXcoin's 2 week difficulty re-target time and since CEX.io controls so much of iXcoin's hash rate, I would think they would be winding down by now.  It may take them 1 or 2 months to completely wind down without locking up iXcoin's block chain.

[Vlad2Vlad]

In absence of further donations and suggestions, I will decide to use that 0.25 BTC for a new blockchain explorer.
Regards

Thanks Deadsea!  Sorry I haven't been of much help lately.  Too much Kool-Aid.  lol

Appreciate your consistency. 

[shanem]

Not sure if this service is a scam or not. It looks very 'ponzi' to me.
https://bitcointalk.org/index.php?topic=1302905.0
iXcoin is among the accepted coins.

All the threads in the Investor-based games forum are ponzis. You can go to the last page of the thread to see that this ponzi has stopped paying on 29 Dec.

[Vlad2Vlad]

Deadsea33:

'The world is a richer place because he once lived.'

You wanted a motto?

I think you found it.  

[kraizi]

The website has been updated. Very essential.

http://ixcoin.info

Looks like we found ourselves a web designer.  Great looking website!